Tag Archives: price

Prospects for the global economy have darkened since the outbreak of conflict in Ukraine, the World Trade Organization (WTO) said in a new report published on Tuesday. It has forecast that record-breaking prices for natural gas would hurt Europe the most. According to the report, the most immediate economic impact …

JPMorgan Chase says commodities could rise in price by 40% should investors boost their allocation to raw materials at a time of rising inflation. According to Bloomberg, the bank’s strategists said that while allocations appear to be above historical averages on commodities, they are not very overweight. That suggests scope …

On April 2, Lithuania became the first EU country to declare that it was completely abandoning Russian gas. The announcement was made amidst Moscow’s ongoing military assault in Ukraine and came after the Kremlin announced a new payment procedure for countries deemed “unfriendly.” Under the new rules, importers from the …

The shock to incomes in Britain from rising energy prices will be bigger than in the 1970s, the Bank of England warned this week. British consumers and businesses are expected to come under severe pressure from the cost of living increase as the economy’s growth slows down. According to the …

Western nations should prepare their peoples for a long-term drop in living standards if their standoff with Russia continues, the Britain’s former Assistant Chief of Defence Staff, Jonathan Shaw, has said. “We in the West have the wrong mentality” about the conflict in Ukraine, he said. Once one of the …

The Caspian Pipeline Consortium (CPC) – one of the world’s key pipelines – was forced to suspend the operation of one of the remote mooring devices at its Marine Terminal near Novorossiysk due to “critical” storm-caused damage to the equipment. As a result of the incident, the oil deficit on …

Former world heavyweight boxing  champion Mike Tyson has named his price for fighting Jake Paul if he enters the ring for the first time since 2020 against the YouTuber and rookie pugilist.  Tyson, 55, last laced up gloves to take on former pound-for-pound great Roy Jones Jr in an exhibition bout in …

icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon …

President Joe Biden has stated that Russia’s Vladimir Putin “badly miscalculated” by ordering a military invasion of its neighboring state, claiming he tried to “shake the very foundations of the free world.” “Throughout our history we’ve learned this lesson – when dictators do not pay a price for their aggression, they …

The threat of energy sanctions against Russia, which could be imposed in the case of an invasion of Ukraine, may see the UK face record gas and petrol prices, British ministers have been warned, The Times has reported. According to the British newspaper, senior officials in Whitehall expect the Kremlin …